our deposits in an FDIC-insured bank or savings institution couldn’t be safer. These institutions are fundamentally sound, their insurance fund is well capitalized, and a US Government agency, the Federal Deposit Insurance Corporation (FDIC), administers the deposit insurance program.

Banks and savings institutions maintain capital reserves and observe lending policies that aid in protecting those reserves. This is one reason why they continue to hold up well in periods of tight credit and financial turmoil.

Your money is only as safe as the insurance system that protects it. The fund protecting federally insured banks and savings institutions is backed by the full faith and credit of the United States Government. Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation’s banking system. The FDIC insures deposits at the nation 8,500+ banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed.